African logistics takeover
DP World subsidiary, Imperial, has completed its takeover of African logistics solutions provider, J&J Group.
J&J Group provides end-to-end logistics solutions along the Beira and North-South corridors in south-east Africa, specialising in the transport of break-bulk, containerised, project, fuel and out-of-gauge cargo between Mozambique, Zimbabwe, Zambia, South Africa, Malawi and the Democratic Republic of the Congo.
“This acquisition strengthens DP World’s position in Africa as an end-to-end logistics provider, by adding J&J’s significant presence along these key corridors in Africa – a market where trade is expected to grow at more than twice GDP driven by population growth, accelerated urbanisation and rising middle classes,” said Sultan Ahmed Bin Sulayem, group chair and chief executive of DP World.
Mohammed Akoojee, chief operating officer of DP World Logistics, group chief executive at Imperial, added that the acquisition complemented DP World’s ‘Gateway to Africa’ focus. “It optimises and expands our reach in Africa by providing scale in end-to-end cross-border transportation services in key countries and new industries.
“This is possible through well-established routes, port capabilities, a well-developed asset base, including a fleet and warehousing space, as well as an entrenched customer portfolio.”
The acquisition will also help Imperial reach markets outside of South Africa, providing access to key countries and corridors on the continent.